Xavier Heffner owns and operates Heffner Advertising Services. On January 1, 2018, Xavier Heffner, Capital had a balance of $226,950. During the year, Xavier invested an additional $11,300 and withdrew $79,400. For the year ended December 31, 2018, Heffner Advertising Services reported a net income of $111,200.

Prepare a statement of owner's equity for the year ended December 31, 2018. Use the minus sign to indicate negative values.